Elegant Marbles & Grani Industries has a current ratio of 0.00. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Elegant Marbles & Grani Industries has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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Elegant Marbles & Grani Industries Current Ratio Chart
Competitive Comparison of Elegant Marbles & Grani Industries's Current Ratio
For the Building Products & Equipment subindustry, Elegant Marbles & Grani Industries's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Elegant Marbles & Grani Industries's Current Ratio Distribution in the Construction Industry
For the Construction industry and Industrials sector, Elegant Marbles & Grani Industries's Current Ratio distribution charts can be found below:
* The bar in red indicates where Elegant Marbles & Grani Industries's Current Ratio falls into.
Elegant Marbles & Grani Industries Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Elegant Marbles & Grani Industries (BOM:526705) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Elegant Marbles & Grani Industries Current Ratio Related Terms
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Elegant Marbles & Grani Industries (BOM:526705) Business Description
Elegant Marbles & Grani Industries Ltd is a manufacturer, exporter, and importer of Indian and imported granites and marbles. The company manufactures and deals only in one segment that is Marbles and Granites and allied products. The company's offerings in Marbles and Stones include Engineered Marbles, Marbles, Stone, Travertine, and Granite. Its offerings in Tiles include Versace, Cisa, Brixmosaic, Paricimosaic, Alfalux, Asian Tiles, Caesar, Ceramica Magica, Edilcoughi, Gardenia Orchedia, Italian Mosaics, Matheos Stone, Piemme Ceramics, Porcelaingres, and Sichenia. Its offerings in Di Lusso include Ambient, Damasc, Fascia, Marmo Collage, Mile De Fave and Sedimento. Its offerings in Gemstone include Agate, Amethyst, Aventurine, Pyrite, Quartz and Tiger Eye.
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